When both you and your health insurance company pay part of your medical expense, it's called cost sharing. Deductibles, coinsurance and copays are all . Health insurance premiums that are NOT tax deductible. You cannot . Read the “Paid your health insurance premiums with your own after-tax money?” section . An easy and simple way to lower your health insurance costs is by choosing a plan with the highest deductible you can afford to pay in a year. What is a . If you own any kind of insurance–car, home, health–you've probably heard the term "deductible." But what does it mean? In health insurance, a deductible is the . Find out what coinsurance, copayments and deductibles are, and how they affect your . If your health insurance plan pays 100% for annual check-ups and . Learn the insurance basics so you can make the right choice for your health coverage.